PE Firms Blast Challenge To Allied Ch. 11 Auction

By Stephanie Russell-Kraft

Law360, Wilmington (September 6, 2013, 7:51 PM ET) -- The two private equity firms that won the auction to acquire the assets of bankrupt Allied Systems Holdings Inc. struck back Friday at allegations by losing bidder Jack Cooper Holdings Corp., saying it had only raised objections because it regretted losing in the auction.